Friday 27/05/22

In MACRO & MARKETS NEWS, the US economy contracts, Russia cuts interest rates again, Sunak brings in the windfall tax and other measures and the UK listing rules are set to change. In RETAIL-RELATED NEWS, Alibaba posts slow growth, US retailers get a boost, Ted Baker benefits from weddings and the office return, Auto Trader booms and Asda shoppers cut spending. In M&A NEWS, Broadcom puts in a formal offer for VMware, Johnson Matthey sells its battery business and FirstGroup considers a takeover. In INDIVIDUAL COMPANY NEWS, Microsoft slows hiring, Twitter is fined, warehouse demand keeps rising and Klarna chases profit.AND FINALLY, I leave you with some flying, some music and some frenzied dancing...


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